a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment by b_b
b_b  ·  2981 days ago  ·  link  ·    ·  parent  ·  post: IMF warns the global economy is "highly vulnerable"

Maybe they should chill the fuck out about asset prices. Central banks the world over, led by Greenspan in the 80s, have made asset prices a proxy for the economy at large. This has the perverse effect of making bubbles seem like good things and bubbles bursting as bad things.